Bitcoin appears to be forming a "Descending Triangle Formation" - forming lower highs since peaking in July.
To add further support to this theory, is the fact that its RSI is forming the same pattern as well, currently brushing up again its green trend line and struggling to break through.
The big test is whether prices can break past $10,511. If prices fail to breach this level we could see a move lower.
To add further support to this theory, is the fact that its RSI is forming the same pattern as well, currently brushing up again its green trend line and struggling to break through.
The big test is whether prices can break past $10,511. If prices fail to breach this level we could see a move lower.